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From your LO's take it appears your chances will be pretty good. Keep in mind next Monday is President's Day and a lot of banks are closed, but it sounds like you should hear in the next few business days. Mark as New Bookmark Subscribe Subscribe to RSS Feed Permalink Print Email to a Friend Report Inappropriate Content.
Re: Cash out from land equity. DTI is estimated at being 36 with the new loan payment and factoring in the payoffs. My LO asked for a statement as to how important this land is to me. I think she asked that of me to ease the concern that I'd cash out with this loan and then try to sell the land sometime in the future. So I gave her a strong statement about how I'll own this property for life.
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